2011 Q1 Form 10-Q Financial Statement
#000095012311045777 Filed on May 05, 2011
Income Statement
Concept | 2011 Q1 | 2010 Q1 |
---|---|---|
Revenue | $2.282B | $2.100B |
YoY Change | 8.68% | 34.18% |
Cost Of Revenue | $1.469B | $1.375B |
YoY Change | 6.86% | |
Gross Profit | $813.0M | $725.0M |
YoY Change | 12.14% | |
Gross Profit Margin | 35.62% | 34.52% |
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $2.028B | $1.890B |
YoY Change | 7.32% | 28.35% |
Operating Profit | -$1.215B | -$1.165B |
YoY Change | 4.32% | |
Interest Expense | $24.57M | $15.45M |
YoY Change | 59.03% | -163.32% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $226.8M | $179.6M |
YoY Change | 26.22% | 425.29% |
Income Tax | $77.84M | $70.88M |
% Of Pretax Income | 34.33% | 39.45% |
Net Earnings | $148.9M | $113.4M |
YoY Change | 31.34% | 386.62% |
Net Earnings / Revenue | 6.52% | 5.4% |
Basic Earnings Per Share | $2.03 | $1.55 |
Diluted Earnings Per Share | $2.02 | $1.52 |
COMMON SHARES | ||
Basic Shares Outstanding | 73.21M shares | |
Diluted Shares Outstanding | 73.84M shares |
Balance Sheet
Concept | 2011 Q1 | 2010 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $467.7M | $525.4M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | ||
YoY Change | ||
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $23.09B | $20.56B |
YoY Change | 12.29% | 29.97% |
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $29.51B | $26.72B |
YoY Change | 10.43% | 23.52% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $256.0M | $0.00 |
YoY Change | ||
Total Short-Term Liabilities | $256.0M | |
YoY Change | ||
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.015B | $2.225B |
YoY Change | -9.44% | 15.46% |
Other Long-Term Liabilities | $8.449B | $8.332B |
YoY Change | 1.4% | 1.72% |
Total Long-Term Liabilities | $10.46B | $10.56B |
YoY Change | -0.88% | 4.34% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $256.0M | |
Total Long-Term Liabilities | $10.46B | $10.56B |
Total Liabilities | $24.49B | $22.56B |
YoY Change | 8.56% | 17.72% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $2.739B | |
YoY Change | ||
Common Stock | $1.709B | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $323.7M | |
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $5.023B | $4.165B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $29.51B | $26.72B |
YoY Change | 10.43% | 23.52% |
Cashflow Statement
Concept | 2011 Q1 | 2010 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $148.9M | $113.4M |
YoY Change | 31.34% | 386.62% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | $375.6M | $948.0M |
YoY Change | -60.38% | 168.95% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $24.91M | $2.431M |
YoY Change | 924.72% | -100.46% |
Cash From Investing Activities | -$125.8M | -$776.3M |
YoY Change | -83.8% | 46.12% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $8.832M | $8.784M |
YoY Change | 0.55% | |
Common Stock Issuance & Retirement, Net | $154.6M | $0.00 |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | $7.586M | $0.00 |
YoY Change | ||
Cash From Financing Activities | -$249.8M | -$158.3M |
YoY Change | 57.78% | 52.36% |
NET CHANGE | ||
Cash From Operating Activities | $375.6M | $948.0M |
Cash From Investing Activities | -$125.8M | -$776.3M |
Cash From Financing Activities | -$249.8M | -$158.3M |
Net Change In Cash | $88.00K | $13.40M |
YoY Change | -99.34% | -104.74% |
FREE CASH FLOW | ||
Cash From Operating Activities | $375.6M | $948.0M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Document Period End Date
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|
2011-03-31 | |
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Amendment Flag
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false | |
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Entity Registrant Name
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|
REINSURANCE GROUP OF AMERICA INC | |
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Entity Central Index Key
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0000898174 | |
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Entity Current Reporting Status
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Yes | |
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2011 | |
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NetIncomeLoss
|
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|
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|
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EarningsPerShareDiluted
|
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|
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|
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IncreaseDecreaseInInsuranceLiabilities
|
1054030000 | USD |
CY2011Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
23517000 | USD |
CY2010Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
63820000 | USD |
CY2011Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
932000 | USD |
CY2010Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
565000 | USD |
CY2011Q1 | us-gaap |
Other Adjustments For Noncash Items Included In Income Loss From Continuing Operations
OtherAdjustmentsForNoncashItemsIncludedInIncomeLossFromContinuingOperations
|
53065000 | USD |
CY2010Q1 | us-gaap |
Other Adjustments For Noncash Items Included In Income Loss From Continuing Operations
OtherAdjustmentsForNoncashItemsIncludedInIncomeLossFromContinuingOperations
|
-16213000 | USD |
CY2011Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
375648000 | USD |
CY2010Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
948032000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
910943000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
800547000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
85374000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
23371000 | USD |
CY2011Q1 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
1087526000 | USD |
CY2010Q1 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
1504410000 | USD |
CY2011Q1 | us-gaap |
Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
|
28493000 | USD |
CY2010Q1 | us-gaap |
Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
|
12730000 | USD |
CY2011Q1 | us-gaap |
Payments To Fund Policy Loans
PaymentsToFundPolicyLoans
|
0 | USD |
CY2010Q1 | us-gaap |
Payments To Fund Policy Loans
PaymentsToFundPolicyLoans
|
28571000 | USD |
CY2011Q1 | us-gaap |
Increase Decrease In Funds Held Under Reinsurance Agreements
IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
|
-571000 | USD |
CY2010Q1 | us-gaap |
Increase Decrease In Funds Held Under Reinsurance Agreements
IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
|
60636000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
11843000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
6121000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Collection Of Policy Loans
ProceedsFromCollectionOfPolicyLoans
|
6402000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Collection Of Policy Loans
ProceedsFromCollectionOfPolicyLoans
|
2412000 | USD |
CY2011Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
24911000 | USD |
CY2010Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
2431000 | USD |
CY2011Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-125797000 | USD |
CY2010Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-776327000 | USD |
CY2011Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
8832000 | USD |
CY2010Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
8784000 | USD |
CY2011Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
7586000 | USD |
CY2010Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD |
CY2011Q1 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
56000000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
0 | USD |
CY2011Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
154588000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
CY2011Q1 | us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
335955000 | USD |
CY2010Q1 | us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
718000 | USD |
CY2011Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
932000 | USD |
CY2010Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
565000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
-5811000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5762000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Issuance Of Financial Services Obligations
ProceedsFromIssuanceOfFinancialServicesObligations
|
-6120000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Issuance Of Financial Services Obligations
ProceedsFromIssuanceOfFinancialServicesObligations
|
10439000 | USD |
CY2011Q1 | us-gaap |
Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
|
13724000 | USD |
CY2010Q1 | us-gaap |
Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
|
65655000 | USD |
CY2011Q1 | us-gaap |
Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
|
110703000 | USD |
CY2010Q1 | us-gaap |
Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
|
231220000 | USD |
CY2011Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-249763000 | USD |
CY2010Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-158301000 | USD |
CY2011Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
3923000 | USD |
CY2010Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-71000 | USD |
CY2011Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
4011000 | USD |
CY2010Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
13333000 | USD |
CY2010Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
525360000 | USD |
CY2011Q1 | us-gaap |
Interest Paid
InterestPaid
|
12846000 | USD |
CY2010Q1 | us-gaap |
Interest Paid
InterestPaid
|
12780000 | USD |
CY2011Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
77441000 | USD |
CY2010Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
24089000 | USD |
CY2011Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
25759000 | USD |
CY2010Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
96334000 | USD |
CY2011Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
27093000 | USD |
CY2010Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
16833000 | USD |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
512027000 | USD |